The Auckland North Shore property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales on the North Shore of Auckland at 567 in the month rose on a seasonally adjusted basis in May and were up 25% on May2011. The inventory of unsold houses across the wider Auckland region at 20.6 weeks remains below the long-term average at 33 weeks of equivalent sales.
The median sales price for properties sold on the North Shore in May at $590,000 was up 8% from a year ago. The asking price expectation of new listings across the wider Auckland region also rose to $578,533 up 8% as compared to a year ago.
The level of new listings coming onto the market across the wider Auckland region in May at 3,833 was up 12% as compared to a year ago.